STP reporting of Termination payment

Jenny_10152671
Jenny_10152671 Member Posts: 5 ✭
in Accounts Hosted

Hello, I have an employee finishing who is owed some leave. I have processed and done the STP reporting for our normal fortnightly pay run this week which includes their normal wage payment. When do I do the STP report for the leave payout for the employee who has finished? I have processed the leave payout separately to the normal wage payments so there is an extra payment to report on STP. If I pay their leave owing today can I report it next fortnight when I do the next pay run or do I have to report it to STP today?

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  • Acctd4
    Acctd4 Accredited Partner Posts: 2,971 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert

    Technically it should be reported when paid as an "STP Event" has occurred.  However, realistically you can include it in the next STP Pay Run. 

    NOTE: Make sure you "Terminate" the employee in the software.  This updates the employee record to reflect the "Release Date" which carries through in the STP submission.

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner(AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    [email protected]

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • Jenny_10152671
    Jenny_10152671 Member Posts: 5 ✭

    Thanks very much for your input Shaz

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